Question

Explain the relationship between inflation/deflation and the “Cross of Gold” speech.

Answer 1

The Cross of Gold discourse was a discourse conveyed by William Jennings Bryan at the 1896 Democratic National Convention in Chicago. The discourse pushed Bimetallism. At the time, the Democratic Party needed to institutionalize the estimation of the dollar to silver and contradicted pegging the estimation of the United States dollar to a best quality level. The expansion that would come about because of the silver standard would make it less demanding for agriculturists and different borrowers to pay off their obligations by expanding their income dollars. It would likewise turn around the collapse which the U.S. experienced from 1873-1896.